Planview
| Company type | Private |
|---|---|
| Industry | Enterprise software |
| Founded | 1989 |
| Founder | Patrick Durbin |
| Headquarters | Austin , United States |
Area served | Worldwide |
Key people | Razat Gaurav (CEO), Louise K. Allen (CPO), Chris Nester (CFO), Mik Kersten (CTO) |
| Products | Planview Advisor, Planview Portfolios, Planview PPM Pro, Planview ProjectPlace, Planview AgilePlace, Planview IdeaPlace, Planview AdaptiveWork, Planview Viz, Planview Hub |
Number of employees | 1400 |
| Parent | TPG Capital and TA Associates |
Planview is an international enterprise software provider with its main office located in Austin, Texas. Established in 1989 by Patrick Durbin, the company focuses on delivering solutions for portfolio management, resource allocation, project oversight, and collaborative work management. Its suite of offerings encompasses Planview Advisor, Planview Portfolios, Planview PPM Pro, Planview ProjectPlace, Planview AgilePlace, Planview IdeaPlace, Planview AdaptiveWork, Planview Viz, and Planview Hub.
Catering to a global clientele, Planview’s business approach centers on offering integrated software toolchains and value stream management systems designed to boost organizational efficiency and foster innovation. The executive leadership team includes CEO Razat Gaurav, CPO Louise K. Allen, CFO Chris Nester, and CTO Mik Kersten. Employing around 1,400 professionals, the company sustains a robust position in the market through effective leadership and ongoing growth strategies.
History
Planview was created in 1989 in Austin, Texas by entrepreneur Patrick Durbin, who played a pivotal role in shaping the project and portfolio management (PPM) sector. Durbin led the company as CEO for 15 years, driving early development and innovation.
In 1997, the firm introduced Planview Enterprise, a comprehensive web-based PPM platform. Durbin stepped down as CEO in 2004 but continued contributing as a board member. His successor, Greg Gilmore, significantly increased revenue threefold and enhanced Planview’s standing by pioneering cloud-based SaaS offerings.
From 2014 through 2020, Planview broadened its product range by acquiring companies such as Projectplace, Troux Technologies, Innotas, LeanKit, Spigit, and Aptage. These strategic acquisitions bolstered its leadership in PPM and enterprise work management markets.
The company’s expansion attracted prominent investors: Insight Venture Partners secured a major stake in 2013; Thoma Bravo became the principal shareholder in 2017; and in 2020, private equity firms TPG Capital and TA Associates purchased Planview for $1.6 billion.
In 2021, Greg Gilmore retired from the CEO position and was replaced by Razat Gaurav, recognized for doubling revenue at Llamasoft. Under Gaurav’s guidance, Planview finalized acquisitions including Clarizen, Changepoint, Tasktop, and Enrich. The organization achieved record-breaking revenue figures in both 2022 and 2023, further solidifying its international market presence and financial success.
Ownership
In December 2013, Insight Venture Partners acquired a substantial interest in Planview. By January 2017, private equity firm Thoma Bravo had assumed majority ownership. Subsequently, in December 2020, TPG Capital and TA Associates completed the acquisition of Planview for $1.6 billion—an important benchmark reflecting the company’s financial growth and investment appeal.
Acquisitions
Planview has executed an assertive acquisition strategy to enhance its product portfolio and expand market penetration. Notable acquisitions include:
- August 2014: Projectplace—a project collaboration firm based in Stockholm.
- May 2015: Troux Technologies—an enterprise architecture management software provider headquartered in Austin.
- August 2016: Innotas—a San Francisco-based portfolio management software company.
- December 2017: LeanKit—strengthening agile project management solutions.
- December 2018: Spigit—specializing in innovation management software.
- July 2020: Aptage—focused on artificial intelligence and machine learning technologies.
- February 2021: Clarizen and Changepoint—broadening portfolio and work management capabilities.
- May 2022: Tasktop—a Vancouver-based value stream management enterprise.
- June 2022: Enrich—offering analytics for product portfolios.
- September 2024: Plutora—a leader in Value Stream Management (VSM) and software delivery solutions.
These acquisitions have reinforced Planview’s competitive positioning globally while diversifying its offerings and supporting sustained expansion within the industry.
Projectplace
Projectplace, developed by Planview, is a collaborative work management platform that integrates project management with team collaboration capabilities. Established in September 1998 in Stockholm, Sweden by Projectplace International AB, the software combines features such as task organization, Kanban boards, and Gantt charts to boost efficiency.
Its primary components encompass team communication, document storage, issue tracking, planning and progress assessment, meeting coordination, project portals, and contact management. The system is available in various languages including Swedish, Norwegian, Dutch, English, German, French, Spanish, and Danish.
The business approach of Projectplace centers on providing adaptable collaboration solutions tailored to a wide range of industries, aiming to foster business development and enhance operational productivity.